Bond abbreviation: 18 Suning 03 18 Suning 07
Bond Code: 112721 SZ 112800. SZ
Interim report on corporate bond trustee affairs
publisher
(address: floors 1-5, Jinshan building, No. 8, Shanxi Road, Nanjing)
Bond trustee
Citic Securities Company Limited(600030)
(address: North block, Zhuoyue Times Square (phase II), No. 8, Zhongxin Third Road, Futian District, Shenzhen, Guangdong Province) February, 2002
statement
Citic Securities Company Limited(600030) (hereinafter referred to as ” Citic Securities Company Limited(600030) “) as the trustee of Suning.Com Co.Ltd(002024) (hereinafter referred to as “the issuer” or “the company”) for the public issuance of corporate bonds (bonds referred to as “18 Suning 03” and “18 Suning 07”) to qualified investors in 2018, continues to pay close attention to matters that have a significant impact on the rights and interests of bond holders. This report is prepared in accordance with the measures for the administration of corporate bond issuance and trading, the code of practice for corporate bond trustee and other relevant provisions, as well as the relevant provisions such as the bond trustee agreement.
This report does not constitute a recommendation for investors to do or not do a certain behavior. Investors should make independent judgment on relevant matters, and should not take any content in this report as a commitment or statement made by Citic Securities Company Limited(600030) . Investors are requested to consult professional institutions independently. Under no circumstances can investors take this report as the basis for investment behavior.
1、 Approval of corporate bonds
On March 20, 2017, the second meeting of the sixth board of directors of the issuer deliberated and adopted the proposal on public issuance of corporate bonds. The board of directors approved and submitted it to the general meeting of shareholders to authorize the board of directors or the authorized person of the board of directors to decide and deal with corporate bonds with an amount of no more than 10 billion yuan during the relevant authorization period.
On April 6, 2017, the third extraordinary general meeting of the issuer in 2017 deliberated and approved the proposal on public issuance of corporate bonds, and the general meeting of shareholders approved to authorize the board of directors or the authorized person of the board of directors to decide and deal with the issue of corporate bonds with an amount not exceeding (including) RMB 10 billion during the relevant authorization period.
With the approval of “zjxk [2017] No. 2128” issued by China Securities Regulatory Commission on November 23, 2017, the company was approved to publicly issue corporate bonds with a total face value of no more than 10 billion yuan to qualified investors.
2、 Basic information of corporate bonds
(I) 18 Suning 03
Bond Name: Suning.Com Co.Ltd(002024) 2018 public issuance of corporate bonds to qualified investors (phase III)
Balance: 070.6 million yuan
Type and term of bonds: the term of corporate bonds issued this time is 5 years (including 5 years), including the issuer’s option to adjust the coupon rate and the investor’s option to resell at the end of the third year
Coupon rate: 5.75%
Guarantee: no guarantee
Credit rating: subject rating AA +, debt rating AA+
(II) 18 Suning 07
Bond Name: Suning.Com Co.Ltd(002024) 2018 public issuance of corporate bonds to qualified investors (phase VI) (variety II)
Balance: RMB 2636 million
Type and term of bonds: the term of corporate bonds issued this time is 5 years (including 5 years), including the issuer’s option to adjust the coupon rate and the investor’s option to resell at the end of the third year
Coupon rate: 4.90%
Guarantee: no guarantee
Credit rating: subject rating AA +, debt rating AA+
3、 Major issues of corporate bonds and Citic Securities Company Limited(600030) risk tips on corporate bonds
Citic Securities Company Limited(600030) as the trustee of “18 Suning 03” and “18 Suning 07”, continue to pay close attention to matters that have a significant impact on the rights and interests of bondholders, actively perform the duties of trustee and spare no effort to safeguard the legitimate rights and interests of bondholders. Citic Securities Company Limited(600030) in accordance with the provisions and agreements of the administrative measures for the issuance and transaction of corporate bonds, the prospectus, the bond trustee agreement and the rules of the bondholders’ meeting, the following major matters of corporate bonds are reported and the following risk tips are made:
On January 29, 2022, the issuer issued Suning.Com Co.Ltd(002024) 2021 annual performance forecast. According to the performance forecast of Suning.Com Co.Ltd(002024) 2021, as of December 31, 2021, according to the preliminary calculation results of Suning.Com Co.Ltd(002024) , the net profit attributable to shareholders of listed companies is expected to be 42.3 billion yuan – 43.3 billion yuan, and the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is expected to be 43.9 billion yuan – 44.9 billion yuan, The estimated loss exceeds 10% of the net assets at the end of the previous year (December 31, 2020), which belongs to the relevant provisions of the Listing Rules of corporate bonds of Shenzhen Stock Exchange. On January 29, 2022, the issuer received the attention letter on Suning.Com Co.Ltd(002024) issued by Shenzhen Stock Exchange (company Department attention letter [2022] No. 97), which requires the issuer to make a written explanation on the concerns raised by Shenzhen Stock Exchange.
4、 Performance of bond trustee
The above matters belong to the situation of “the issuer has a significant loss exceeding 10% of the net assets at the end of the previous year” in paragraph 7 of Article 12 of the code of practice for corporate bond trustees. As the bond trustee of the issuer’s corporate bonds, in order to fully protect the interests of bond investors and perform the duties of bond trustee, after learning of relevant matters, Citic Securities Company Limited(600030) communicated with the Issuer on relevant matters and issued this interim report on entrusted management in accordance with the relevant provisions of the code of practice for corporate bond trustees.
Up to now, the surviving corporate bonds entrusted by Citic Securities Company Limited(600030) are “18 Suning 03” and “18 Suning 07”, and the basic information is as follows:
Current balance of face issue
Bond code bond referred to as exchange interest rate scale (100 million) source of repayment funds
(%) (100 million yuan)
(yuan)
112721 18 Suning 03 Shenzhen Stock Exchange 5.75 10 0.0706 change funds of non-public offering stock raising and investment projects
112800 18 Suning 07 Shenzhen Stock Exchange 4.90 10 0.2636 change funds of non-public offering stock raising and investment projects
Suning.Com Co.Ltd(002024) held the 14th meeting of the seventh board of directors on May 11, 2021, considered and approved the proposal on changing the purpose of some raised funds, Suning.Com Co.Ltd(002024) used the remaining raised funds of 1489161495.60 yuan of the new regional distribution center construction project (II) to repay the corporate bonds project, This part of the raised funds will be used to repay the due principal and interest of “18 Suning 03” and “18 Suning 04”. See the announcement on the resolution of the 14th meeting of the Suning.Com Co.Ltd(002024) seventh board of directors (Announcement No.: 2021-054) for relevant contents.
Suning.Com Co.Ltd(002024) held the 15th meeting of the 7th board of directors on June 9, 2021, deliberated and adopted the proposal on changing the purpose of some raised funds, Suning.Com Co.Ltd(002024) used the remaining raised funds of some raised investment projects totaling 1732.5091 million yuan to repay the corporate bond project (II), and the raised funds of this department will be used to repay “18 Suning 05”, “18 Suning 06” The principal and interest of “18 Suning 07” are due. See the announcement on the resolution of the 15th meeting of the seventh board of directors (Announcement No.: 2021-072) for relevant contents.
In conclusion, the issuer has locked in the funds to repay the bonds, and it is expected that there will be no repayment risk for “18 Suning 03” and “18 Suning 07”. The issuer’s expected large loss in 2021 will not have a significant adverse impact on the repayment of “18 Suning 03” and “18 Suning 07”.
Citic Securities Company Limited(600030) the issuer will pay close attention to the repayment of principal and interest of corporate bonds and other matters that have a significant impact on the interests of bondholders, and will perform the duties of bond trustee in strict accordance with the code of practice for corporate bond trustee, prospectus and trustee agreement.
Investors are hereby reminded to pay attention to relevant risks and make independent judgment on relevant matters.
5、 Contact information of the trustee
For the specific performance of the trustee, please consult the designated contact person of the trustee.
Contact: Zhou Weifan, sun Xiaobo
Tel: 010-60834068
(no text below)
